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More interest in Goldman-backed Michael Foods as TreeHouse Foods enter the fray

20 Mar 2014

cow beef milk dairyTreeHouse Foods is the latest party weighing a bid for private equity-backed Michael Foods, it is understood.

The company is going up against larger rival Tyson Foods for the egg and dairy products maker according to Reuters, which cited people familiar with the matter.

Goldman Sachs Private Equity Group is thought to be eyeing up to $2bn from a sale of Michael Foods, which it bought from Thomas H Lee Partners for $1.7bn in 2010.

Michael Foods is a food processor and distributor with a focus on egg products, refrigerated grocery and potato products, with net sales exceeding $1.5bn.

Tyson Foods is one of the world’s largest processors and marketers of chicken, beef and pork, as well as prepared foods such as appetisers and snacks.

TreeHouse is much smaller, having a market capitalisation of about $2.7bn.

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